VP, Senior Audit Manager - Credit

Job Description:

Role Summary/Purpose:

The VP, Senior Audit Manager – Credit is primarily responsible for planning and executing Credit audit engagements. This role will be a team member responsible for providing third line of defense coverage of Credit activities and risks, including the end-to-end design and effectiveness of the bank’s control environment.

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Responsibilities:

• Contribute to the direction and focus of the Credit, Analytics & Models Internal Audit Team through active engagement in risk assessment, audit planning, and continuous monitoring processes.

• Lead and perform audits of Credit activities including evaluating underwriting, line management, compliance, governance, credit and fraud strategy, credit risk, models, segmentation, and end-user computing tools.

• Support detailed process walkthroughs with management, including the identification of process risks and controls.

• Document clear audit work papers that succinctly articulate purpose, scope, procedures, and conclusions of test work performed

• Assess inherent, control, and residual risks with a strong understanding of private label credit card processing and associated risks.

• Draft audit plans, develop audit tests, and lead audit execution. Identifying and assessing the impact of control deficiencies   

• Lead coordination of testing with various audit teams, external auditors, consultants, and Second Line of Defense

• Track and validate findings/issues to ensure they are appropriately addressed.

• Prepare high quality audit deliverables including planning memoranda, audit programs, working papers audit issues and reports.

• Present audit results to various levels of Internal Audit leadership, as well as the audit stakeholders within the organization

• Ensure Audit Managers have developed and documented clear audit work papers that succinctly articulate the process, risks, controls, test results, and conclusions.

• Ensure audits conform with professional and departmental standards, budgets, and timelines.

• Build and maintain strong working relationships with key stakeholders.

• Lead the research of relevant banking, regulation, reporting, and credit topics.

• Serve as a credit subject matter advisor and technical resource for the audit department.

• Maintain internal audit competency through ongoing professional development.

• Maintain understanding of current and emerging risks within credit card lending.

• Perform other duties and/or special projects as assigned.

Qualifications/Requirements: 

• Bachelor’s degree in accounting, Finance, Business, or an equivalent related field and 10 years of relevant experience in audit, risk management, or financial services.

• Minimum of 7 years if internal audit experience within financial services (i.e. consumer banking, credit cards). Proven experience in risk and control theory and professional auditing practices including internal auditing standards and requirements set  out  by IIA.

• Currently hold or is actively pursuing CPA, CIA, or other relevant professional certification.

Desired Skills:

• Minimum 8-10 years working in internal audit or equivalent experience in Big 4 accounting. Knowledge and experience with general purpose and private label credit card products and processing.

• Knowledge and experience with regulatory risk management requirements and related guidance.

• Prior experience auditing, examining, or working in a financial/regulatory environment.

• Experience interacting with regulators and auditors is sternly preferred.

• Experience leading high-performance teams; coaching and developing talent.

• Experience working independently on multiple assignments, with minimum supervision, while effectively supporting teamwork and achiev